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In a March 2024 Bankrate survey, 47% of U.S. adults said money has a negative impact on their mental health, including causing stress.
All that stress is not only harmful to employees’ mental and physical health, it can also be deadly to an employer’s bottom line. A 2023 report by the TIAA Institute and the Global Financial Literacy Excellence Center (GFLEC) found that employees spend an average of eight hours a week dealing with financial issues — with four of those hours occurring at work.
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